$2,400,000

426 NW 11th St Corvallis, OR 97330

Northwest Corvallis Neighborhood

Estimated payment $13,863/month

2 Beds
1 Bath
7,200 Sq Ft
$333 Price per Sq Ft

Highlights

  • Storage
  • Laundry Facilities
  • Wood Siding
  • Linus Pauling Middle School Rated A-
  • Level Lot
  • 5-minute walk to Franklin Square

About This Home

Located just blocks from Oregon State University and the heart of downtown Corvallis, this 12-unit apartment complex offers a proven multifamily investment in one of the region’s most stable rental markets. The walkable setting attracts a consistent mix of students, and long-term local tenants, drawn to proximity to campus, transit, dining, parks, and retail. The property features a uniform unit mix designed for efficient leasing and management, on-site parking, and low-maintenance construction.With its steady rent performance, and value add opportunity through rental increase and improvement of units, this property is well-suited for both exchange buyers and long-term portfolio investors seeking durable cash flow. Properties of this size and proximity to OSU rarely come available.

Listing Agent

Brent Cole

Triple Oaks Realty LLC Brokerage Phone: 541-556-5093 License #200607178 Listed on: 12/03/2025

Co-Listing Agent

Jill Schuster

Triple Oaks Realty LLC Brokerage Phone: 541-556-5093 License #200503390

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,314

Year Built

  • Built in 1964

Lot Details

  • 0.25 Acre Lot
  • Level Lot

Home Design

  • Flat Roof Shape
  • Wood Siding
  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation

Interior Spaces

  • 7,200 Sq Ft Home
  • 3-Story Property
  • Storage
  • Natural lighting in basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Parking

  • 12 Parking Spaces
  • Open Parking

Schools

  • Garfield Elementary School
  • Linus Pauling Middle School
  • Corvallis High School

Utilities

  • No Cooling
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 119812

Community Details

Building Details

  • Operating Expense $60,911
  • Gross Income $186,540
  • Net Operating Income $124,031

Additional Features

  • 12 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,314

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1964
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Current Price For Status: 2400000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Daylight
  • Storage: IndividualStorageUnits
  • Total Bedrooms: 2
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: T111Siding,WoodSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Gravel
  • Disclosures: Exempt
  • Roof: Flat

Garage/Parking

  • Parking Description: Open
  • Attached Garage: No
  • Total Parking Spaces: 12.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: WallHeater
  • Heating Yn: No
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Laundry

Schools

  • Elementary School: Garfield
  • High School: Corvallis
  • Middle Or Junior School: Linus Pauling

Lot Info

  • Zoning: RS-9
  • Lot Size Acres: 0.25
  • Lot Size Sq Ft: 10890.0
  • Parcel #: 119812

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2025
  • Tax Annual Amount: 15313.67

Multi Family

  • Unit Type: UnitTypeType1
  • Number Of Units Total: 12
  • Gross Rent Multiplier: 12.87
  • Annual Gross Income: 186540.0
  • Property Net Operating Income: 124031.0
  • Annual Operating Expense: 60911.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/03/2025 12/03/25 For Sale $2,400,000 -- $333 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 292492781

Regional Multiple Listing Service (RMLS)

APN: 11535CB01300

Oregon Benton County Corvallis 97330 Northwest Corvallis

426 NW 11th St, Corvallis, OR

For Sale

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Nearby Homes
Brent Cole
Listing Agent
Brent Cole
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Triple Oaks Realty LLC
(458) 313-0988